JPMorgan Chase & Co. reported on Costamare Inc (NYSE:CMRE), upping its target price to $13.00 today
- Updated: October 4, 2016
Having a price of $7.50, Costamare Inc (NYSE:CMRE) traded 4.34% higher on the day. With the last close down -16.77% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Costamare Inc has recorded a 50-day average of $8.98 and a two hundred day average of $9.18. Volume of trade was down over the average, with 300,487 shares of CMRE changing hands under the typical 346,643
Costamare Inc (NYSE:CMRE) had its price target upped to $13.00 by JPMorgan Chase & Co. in an issued report released Wednesday October 05, 2016. The new stock price target indicates a possible upside of 0.73% based on the company's most recent close.
With a total market value of $0, Costamare Inc has price-earnings ratio of 4.64 with a one year low of $6.01 and a one year high of $15.10 .
A total of 5 equity analysts have released a ratings update on CMRE. 0 firms rating the company a strong buy, two brokerages rating the stock a buy, 4 analysts rating the company a hold, one broker rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $10.80.
About Costamare Inc (NYSE:CMRE)
Costamare Inc. (Costamare) is an international owner of containerships. The Company provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The Company has a fleet of approximately 70 containerships with a total capacity of over 467,000 20-foot equivalent unit (TEU), including approximately 10 newbuilds on order. The Company's fleet of vessels includes COSCO GUANGZHOU, COSCO NINGBO, COSCO YANTIAN, VANTAGE, VALOR, VALIANT and MAERSK KOBE, among others. The Company has approximately 90 subsidiaries.
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